According to IMDB, there was a short film made in 2008 with the same title. However, that version is a period piece based off of the original Scottish folk legend, which in turn was the basis for the 1906 short story that the 1958 film version was based off of.

I remember this from MST3K back in the late 90’s when SciFi Channel was running the last few seasons of the show. It was fronted by the Gumby short “Robot Rumpus”, rather unique since the later SciFi Channel seasons hardly had any shorts included in the episodes due to the longer running times of the films used and not enough material to work from, so it was a nice little treat to go along with the insurance that we may get a coffin if we didn’t make it towards the end of the film!

I know you don´t much appreciate suggestions for movies in the comment section of other movies.
Having said that, there are so many great Schwarzenegger flicks still left, just begging to be reviewed, Predator and Red Heat being the most obvious candidates in my opinion.